Legal News

DLA announces reductions in partner payouts

By Richard Binder

DLA Piper informed all of its U.S. partners on Friday that it will reduce pay for most of them by 11.5 percent in 2009, while strong performers will get more money.

The firm projects revenue will decline 7 percent in 2009 and profits will drop 6 percent, said U.S. Managing Partner J. Terence O'Malley in an interview with The Recorder . The move applies only to its U.S. operations, which count 1,380 lawyers.

DLA's pay cut is part of an annual budget projection process and is not related to the firm's 2008 results.

Click here for the full story at The Recorder.

Full post as published by Legal Pad | LA on March 23, 2009 (boomark / email).